Cerberus Capital Management has acquired NetCentrics, a provider of cybersecurity, enterprise information technology, and telecommunications. No financial terms were disclsoed.
NetCentrics Corporation (“NetCentrics” or the “Company”), an established leader in cybersecurity, enterprise information technology, and telecommunications, announced today that an affiliate of Cerberus Capital Management, L.P. (“Cerberus”) has acquired the Company. In connection with the transaction, Cerberus provided a capital investment that further strengthens NetCentrics’ financial flexibility and supports its long-term growth plans.
Cerberus, a global leader in alternative investing, brings to the partnership broad investment experience in the government sector as well as industry-leading operations and technology expertise. With Cerberus’ support, NetCentrics is well-positioned to further accelerate its growth through continued investments in its capabilities and strategic opportunities. The partnership comes as NetCentrics, an established government contractor for nearly 30 years, continues to expand its business to serve customers in the public and private sector.
“NetCentrics has a long track record of applying deep experience, a forward-thinking approach, and creative solutions to meet customers’ evolving needs,” said Joseph Naccarato, Chief Operating Officer and Chief Credit Officer of Cerberus Business Finance. “We look forward to partnering with the Company as it continues to be at the forefront of emerging technologies that support their customers’ success.”
In the Company’s next phase of growth, Kenny Cushing has joined NetCentrics as Chief Executive Officer. Mr. Cushing is a seasoned technology and cybersecurity leader with more than 25 years of experience in the public and private sector.
Mr. Cushing commented: “NetCentrics has become a trusted partner by consistently helping customers solve their most complex problems for today as well as tomorrow. I’m honored to join the talented team and guide the Company in its next chapter. Cerberus has a powerful combination of industry experience and technology and operating expertise. With their backing, I am confident we will be able to drive our business’ growth while continuing to invest in our market-leading capabilities.”
Mr. Naccarato added: “Kenny is an accomplished and passionate leader and will be a terrific partner as NetCentrics captures strategic opportunities to reach even greater heights.”
Mr. Cushing has extensive business leadership, management consulting, and military experience across the private sector, U.S. Department of Defense (“DoD”), intelligence community, and federal civilian agencies. He joined NetCentrics from Avantus Federal where he was Senior Vice President and led the company’s defense division, overseeing its operations and growth strategy. Prior to Avantus Federal, Mr. Cushing served as the Senior DoD Official at the Cybersecurity and Infrastructure Security Agency (“CISA”) at the Department of Homeland Security. He also was General Dynamics Mission Systems’ Chief Marketing Officer and Head of New Cyber Products, driving a market-focused culture and product leadership model to help the business leverage its capacity for innovation to solve the nation’s most pressing security challenges. His career includes various leadership roles in the military, government, and business sectors, including Chief Technology Officer at the National Reconnaissance Office Mission Operations Directorate; Engagement Manager for McKinsey & Co; and Chief Executive Officer for several technology and business services companies. Mr. Cushing also maintains his military duties as Director (Col, USAF Reserves) at CISA (DHS).
NetCentrics, established in 1995, continues to be the market leader in cybersecurity, enterprise information technology, and telecommunications for the federal government and private industry. The company holds multiple contract vehicles for work with the federal government. The company hires technical experts in a variety of specialized fields; see the website for current openings and locations. NetCentrics is headquartered in Herndon, Virginia, in the Dulles Technology Corridor outside Washington, D.C. For more information, please visit www.netcentrics.com.